Morning journal and courier., 1887-07-29

Friends Prevalent of England, organized in 1s52.
 Hand in Hand of England, organized in 1696. 1876.
 Metropoitan of England organized 5sd in 1885,
 Scottish Amicable organized in 1926
 Scottish Provident, organized in 1857
 Scottish Widows, organized in 1915.
 These societies, ever since their organiza-
 tion, have each maintained large member
 ship and paid all claims promptly at an aver
 age annual cost (aside from dues for ex-
 penses) to each member, old and young, of
 less than $10 for each $1 1000 insurance. This proves not only the stability of society in surance, but also that insurance can safely be furnished at actual cost. There has never been single failure of an assessment insur- ance society similar to the R. s. of G. F. that is, society in which there was no limit to the number of members to be admitted, and at the same time the benefit paid in case of death being limited to specified sum not ] exceeding $6,000. On the other hand, of the 822 life insurance companies organized in the United States, fortY-seven only are yet alive, | and these are nearly all " mutual" or coop | erative companies.
 In thirty of the leading companies of the United States the average price charged fo1 ! life insurance on the regular life plan has | been as follows:
 Age s4 for si, 900 insurance B 5s per annun a " 5SoS The actual cost of the companies, aside ! from expenses, of furnishing life insurance ! on the regular life plan in these thirty com panies, on an average for thirty years, has \ been as follows:
 Age s4. for $1, 900 insurance. 599 per annum
 54, ...... ...... 1s.so It will be seen that the average cost to the policy holders, at the various ages given, was more than four times the actual cost of in
 surance, or in other words, it appears that the companies used up for expenses, etc., more than three-quarters of all the money paid by the policy holders.
 Of endowment insurance-that is, where the insurer agrees to pay the insured cer- tain sum at the end of specified term ot years-Hon. John K. Tarbox, commissioner of Massachusetts, says: "That the ordinary short-term endowment, which is little ln- surance and great deal investment, IS not desirable as either is capable of mathemati- | cal demonstration and is alike unpolit1c for I the companies and unpro6table for the pol1- | cy holder A provident person will do wiser to buy his insurance of an insurance compa- ny, and make his deposits, if he wishes to | make investments of that character, with some regular savings institution whose sole business is the administration of trust funds. Sound policy should regard with disfavor the inventions of investment insur- ance which recent practice has unwisely grafted on the original system. The nor mal cost of life insurance is fixed by
 an immutable law of nature. For the man
 who wants insurance, the plain life policy,
 with no investment beyond what is needed
 to protect the insurance, is the cheapest and
 best. If insurance and investment are the
 object, each can better be got in it's separate
 place than by combination which i'm pover-
 ishes the investment and does not improve
 or cheapen the insurance"
 New Haven assembly No. 6 was organized
 by Henry L. Hill, of the First National bank of this city, in June, 1885, with the following